Henry Wiltshire has for some time had Hayes on its radar. Bordering the Home Counties to the west of London, it would be easy to think of it as just another outer-borough dormitory town. In fact, it’s an area that’s seen phenomenal growth since the plans for Crossrail were first aired, and is now benefiting from the proposed expansion of Heathrow too.
The estate agents at our new Hayes office say, “We’ve already seen growth in the Hayes property market, and we expect it will continue. Buyers and investors are likely to see good returns, as Crossrail in particular is going to have even more influence on outer London house prices when it fully opens in 2019.”
New developments in Hayes and Harlington
Several new developments have arisen from the higher demand for property in Hayes and Harlington. The Old Vinyl Factory will comprise fourteen new residential and commercial buildings which will all be completed by 2020 (three are complete at time of writing). Proposals for the former Nestle factory were submitted to the Hillingdon planning department in May this year, and a new hotel is under construction just across the road from Henry Wiltshire’s new Hayes estate agency.
When the first section of Crossrail opens next year, west London commuters will see their journey times drop by an average of fifteen minutes. The new train route will also allow west London commuters to travel across central London, without having to change to the Tube when they reach Paddington.
Crossrail also brings with it a huge redevelopment of Hayes and Harlington station, which is set to enjoy new waiting rooms, improved platform facilities and step-free access throughout.
Crossrail has, understandably, had an amazing effect on house prices, which, based on current data, are expected to show a 29.9% increase in Hayes between 2015 and 2020.
The proposed expansion of Heathrow airport is also fuelling interest in the area. Whether people choose to live near the airport because they’re frequent flyers, or whether they work in one of the new jobs created at the improved airport, they’re creating a demand for property. This too is driving house prices up and making the Hayes area a new property hotspot for investors.